Today, the SVP of Semtech (NASDAQ: SMTC), Asaf Silberstein, sold shares of SMTC for $118.4K.
Following Asaf Silberstein’s last SMTC Sell transaction on June 21, 2018, the stock climbed by 8.3%. In addition to Asaf Silberstein, 11 other SMTC executives reported Sell trades in the last month.
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Based on Semtech’s latest earnings report for the quarter ending July 31, the company posted quarterly revenue of $163 million and quarterly net profit of $25.17 million. In comparison, last year the company earned revenue of $153 million and had a net profit of $12.56 million. SMTC’s market cap is $3.92B and the company has a P/E ratio of 81.51. Currently, Semtech has an average volume of 786.7K.
Based on 8 analyst ratings, the analyst consensus is Strong Buy with an average price target of $64.29, reflecting a 8.1% upside.
In the last 30 days, insiders have sold $1.68M worth of SMTC shares and purchased $475K worth of SMTC shares. The insider sentiment on Semtech has been neutral according to 175 insider trades in the past three months. This sentiment is slightly lower than the average sentiment of company insiders in this sector.
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Semtech Corp. engages in the manufacture and supply of analog and mixed signal semiconductor products for high-end consumer, enterprise computing, communications, and industrial equipment. It offers signal integrity, protection, wireless and sensing, and power and high-reliability products.
